Manager, Credit Risk

Scotiabank; Canada; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial institution is looking for a Credit Risk Manager to support the Risk Management Team. This role involves analyzing lending portfolio financials, developing risk strategies, and ensuring compliance with regulatory standards. Candidates should have a university degree in a relevant field and experience with SQL and SAS, along with strong analytical and communication skills. The position offers competitive rewards, including performance bonuses and opportunities for career development.

Benefits

Performance bonuses

Employee Share Ownership Program

Pension Plan Matching

Health benefits from day one

Opportunities for career development

Qualifications

• University degree with focus in analytical, mathematical, or statistical fields.
• 5 years of experience with statistical programs such as SAS.
• Knowledge of OSFI guidelines and Basel regulatory requirements is an asset.

Responsibilities

• Analyze lending portfolio financials and recommend credit risk strategies.
• Develop and monitor credit risk strategies for lending products.
• Collaborate with teams to ensure regulatory compliance.

Skills

Data programming

Attention to detail

Analytical skills

Communication skills

Problem-solving

Education

University degree in Economics

University degree in Finance

University degree in Accounting

University degree in Statistics

Tools

SAS

SQL

Knowledge Studio

Enterprise Miner

Job description

Requisition ID: #

Tangerine is Canada’s leading direct bank. We offer flexible and accessible banking options, innovative products, and award-winning client service. Our employees are dedicated to helping Canadians live better lives and fostering a strong, inclusive community within our organization.

This role supports the Senior Manager of Credit Risk and the overall Risk Management Team by analyzing lending portfolio financials and recommending credit risk strategies to optimize risk and reward. The Credit Risk Manager will collaborate closely with business line partners to ensure strategies, offer volumes, and channel selections align with the bank’s risk appetite. The incumbent will utilize data from the bank’s data warehouse and financial systems, considering economic drivers and regulatory reporting requirements. Strong data programming skills, including SQL and SAS, are essential.

Candidates should have an inclination towards mathematics and a curiosity to learn complex systems. A background in statistics, economics, finance, or accounting is desirable.

In this role, you will:

• Identify opportunities for improvement focusing on risk/return while aligning with Credit Risk Appetite.
• Develop and monitor credit risk strategies for all Tangerine lending products, recommending business decisions based on financial data.
• Report and monitor changes to regulatory standards, including internal audit and OSFI guidelines.
• Lead and support the development and implementation of credit risk and loss mitigation plans, providing insights through ad hoc requests, projects, and initiatives.
• Share risk analytic knowledge with team members to foster a strong risk discipline environment.
• Collaborate with Account Management and Operations risk teams to ensure regulatory compliance.
• Provide key data access via SQL and other retrieval techniques.
• Perform other duties as assigned.

We are looking for candidates with:

• A university degree with an analytical, mathematical, or statistical focus (Economics, Finance, Accounting, or Statistics).
• At least 5 years of experience with statistical programs such as SAS, Knowledge Studio, or Enterprise Miner.
• Knowledge of OSFI guidelines is an asset.
• Understanding of Basel regulatory requirements related to capital adequacy, liquidity risk, and interest rate risk is an asset.
• Strong technical solution management skills.
• Proficiency in SQL and SAS.
• Innovative mindset and willingness to take initiative.
• Ability to work effectively with cross-functional teams, especially under high-pressure situations.
• Capacity to adapt in a dynamic environment with evolving processes.
• Autonomy in managing tight timelines.
• Excellent verbal and written communication skills.
• Attention to detail.

What’s in it for you?

• An inclusive and collaborative environment that encourages creativity and celebrates success.
• Competitive rewards including performance bonuses, Employee Share Ownership Program, Pension Plan Matching, and health benefits from day one.
• Opportunities for career development and progression.

Location: Toronto, Ontario, Canada

Tangerine values the unique skills each individual brings and is committed to creating an inclusive and accessible environment. If you require accommodations during the recruitment process, please inform our Recruitment team.